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The possibility of a one-time approval of the ethereum ETF this week sparked price surges among meme coins based on the ethereum virtual machine, according to data aggregator DefiLlama. HarryPotterObamaSonic10Inu (bitcoin) and Mog Coin (MOG) rose 46.8% and 51.7%, respectively.
Wojak and Hemule saw an even more significant increase, rising 66.3% and 89% in the same period. Other ethereum-based meme coins with double-digit gains are Milady Meme Coin (LADYS), Welsh Corgi Coin (WELSH), and lmeow (LMEOW), with respective growth of 40.8%, 23.5%, and 56.5%. .
Pepecoin (PEPE), which is now the third largest meme coin by market capitalization, is up 32% in the last 24 hours.
In particular, Base ecosystem meme coins posted up to triple-digit gains, such as Base Pro Shops (BPS) and its 161% daily jump. United Base Postal (UBPS) is also among the rising Base meme coins, rising 102% in the same period.
Dog Ski Mask (SKI), in addition to its 111% gain, also surpassed $1.6 million in trading volume since May 20. Normie (NORMIE), one of the “jewels” of Base, saw even more investor interest with its trading volume of over $9 million. , which caused an increase of 73.6%.
Briun Armstrung (BRIUN), which is the misspelled name of Coinbase founder Brian Armstrong, also made significant moves with an increase of 55.2%.
The recent price surges witnessed by meme coins have pushed the total market capitalization of this crypto sector to over $62 billion, surpassing crypto categories such as liquid staking tokens, DePIN, and decentralized exchange tokens, as well as fund investment portfolios. such as DragonFly Capital, Coinbase. Ventures and Binance Labs.
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